Magnetar Financial LLC lifted its stake in Bright Horizons Family Solutions Inc. (NYSE:BFAM – Free Report) by 65.2% during the third quarter, HoldingsChannel.com reports. The firm owned 76,028 shares of the company’s stock after purchasing an additional 30,017 shares during the quarter. Magnetar Financial LLC’s holdings in Bright Horizons Family Solutions were worth $8,254,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Financial Consulate Inc. purchased a new stake in Bright Horizons Family Solutions during the 3rd quarter valued at $26,000. TruNorth Capital Management LLC bought a new stake in shares of Bright Horizons Family Solutions in the third quarter worth approximately $28,000. Geneos Wealth Management Inc. grew its stake in shares of Bright Horizons Family Solutions by 98.8% in the first quarter. Geneos Wealth Management Inc. now owns 336 shares of the company’s stock worth $43,000 after acquiring an additional 167 shares during the period. Rothschild Investment LLC raised its holdings in shares of Bright Horizons Family Solutions by 6,700.0% during the third quarter. Rothschild Investment LLC now owns 340 shares of the company’s stock valued at $37,000 after purchasing an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Bright Horizons Family Solutions by 9,075.0% during the third quarter. SJS Investment Consulting Inc. now owns 367 shares of the company’s stock valued at $40,000 after purchasing an additional 363 shares during the last quarter.
Bright Horizons Family Solutions Stock Performance
BFAM opened at $76.41 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.56. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.49 and a beta of 1.42. The company’s 50 day moving average is $86.58 and its 200 day moving average is $98.20. Bright Horizons Family Solutions Inc. has a 12-month low of $63.68 and a 12-month high of $132.99.
Analysts Set New Price Targets
Several brokerages recently issued reports on BFAM. Weiss Ratings restated a “hold (c)” rating on shares of Bright Horizons Family Solutions in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $99.00 target price on shares of Bright Horizons Family Solutions and gave the company a “hold” rating in a research note on Friday, February 13th. Barclays lowered their price target on Bright Horizons Family Solutions from $160.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, February 17th. BMO Capital Markets dropped their price target on Bright Horizons Family Solutions from $124.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Finally, Zacks Research lowered Bright Horizons Family Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $107.11.
Check Out Our Latest Report on BFAM
Bright Horizons Family Solutions Company Profile
Bright Horizons Family Solutions, Inc (NYSE: BFAM) is a leading provider of employer-sponsored child care and early education services, offering a range of solutions designed to support working families and organizations. Through a network of on-site, near-site and center-based programs, the company partners with corporate and nonprofit clients to deliver infant, toddler, preschool and school-age care. Services emphasize age-appropriate curriculum, developmental milestones and community engagement to ensure high-quality learning experiences.
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